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Slinky Company purchased merchandise on June 10, 2018, at a price of $36,000, subject to credit terms of 4/10, 1/30. Slinky uses the net method

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Slinky Company purchased merchandise on June 10, 2018, at a price of $36,000, subject to credit terms of 4/10, 1/30. Slinky uses the net method for recording purchases and uses a perpetual inventory system. Required: 1. Prepare the journal entry to record the purchase. 2. & 3. Prepare the journal entries to record the appropriate payment if the entire invoice is paid on June 18, 2018 and July 8, 2018 Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 and 3 Prepare the journal entry to record the purchase. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the purchase of merchandise subject to credit terms 4/10, n/30. Note: Enter debits before credits General Journal Debit Credit Date June 10, 2018 1 Slinky Company purchased merchandise on June 10, 2018, at a price of $36,000, subject to credit terms of 4/10, n/30. Slinky uses the net method for recording purchases and uses a perpetual inventory system. Required: 1. Prepare the journal entry to record the purchase. 2. & 3. Prepare the journal entries to record the appropriate payment if the entire invoice is paid on June 18, 2018 and July 8, 2018. Complete this question by entering your answers in the tabs below. Req 1 Req 2 and 3 Prepare the journal entries to record the appropriate payment if the entire invoice is paid on June 18, 2018 and July 8, 2018. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet

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